Seadrill Limited (NYSE:SDRL) Receives Consensus Rating of “Hold” from Brokerages

Seadrill Limited (NYSE:SDRL) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $48.00.

A number of equities analysts have recently weighed in on SDRL shares. BWS Financial reissued a “buy” rating and issued a $80.00 price target on shares of Seadrill in a report on Friday, January 23rd. Citigroup upgraded Seadrill from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $32.00 to $46.00 in a research report on Thursday, March 5th. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings lowered shares of Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. Finally, BTIG Research raised their price target on shares of Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 9th.

Institutional Trading of Seadrill

Hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in Seadrill in the 2nd quarter valued at $235,000. First Eagle Investment Management LLC boosted its holdings in shares of Seadrill by 132.9% during the second quarter. First Eagle Investment Management LLC now owns 80,613 shares of the oil and gas company’s stock worth $2,116,000 after purchasing an additional 46,000 shares during the last quarter. Monaco Asset Management SAM grew its position in shares of Seadrill by 7.5% in the second quarter. Monaco Asset Management SAM now owns 215,000 shares of the oil and gas company’s stock valued at $5,644,000 after purchasing an additional 15,000 shares during the period. Geode Capital Management LLC grew its position in shares of Seadrill by 77.0% in the second quarter. Geode Capital Management LLC now owns 1,419,059 shares of the oil and gas company’s stock valued at $37,256,000 after purchasing an additional 617,521 shares during the period. Finally, Creative Planning increased its stake in Seadrill by 302.9% in the second quarter. Creative Planning now owns 114,482 shares of the oil and gas company’s stock valued at $3,005,000 after purchasing an additional 86,069 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Trading Down 2.1%

Shares of SDRL opened at $42.06 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 2.03. Seadrill has a 1-year low of $17.74 and a 1-year high of $45.90. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of -33.92 and a beta of 1.45. The firm has a 50 day simple moving average of $39.74 and a 200-day simple moving average of $34.34.

Seadrill (NYSE:SDRL) last posted its earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $362.00 million for the quarter, compared to analyst estimates of $335.36 million. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%. Equities analysts forecast that Seadrill will post 1.86 EPS for the current fiscal year.

Seadrill Company Profile

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.